Target Financial News

₹4.23 trillion annually. Such a dedicated body would streamline the currently fragmented regulatory framework, simplifying compliance and fostering growth, it said.

The good work of bulls was done early last week but rallies had run out of steam by Friday's close, although the weekly charts still look good.

Investing.com-- Oil prices retreated Monday as markets awaited new developments in the Middle East conflict, while anticipation of several key U.S. and Chinese economic readings this week kept sentiment on edge.

Arvind Fashions just in January, brokerage house Nuvama sees another 38 percent upside in the next 1 year. The brokerage believes the firm is perfectly positioned for a valuation re-rating. The brokerage has initiated coverage on the stock with a ‘buy’ rating and a target price of ₹660.

The 10-year benchmark bond yield was at 7.1350% as of 10:00 a.m. IST, following its previous close of 7.1791%.

Geojit Financial Services observed that the current rally in the market, primarily driven by momentum, is now getting support from fundamentals. He said the sharp bounce in large-cap IT stocks on the back of slightly positive management commentary indicates that an underperforming segment can surprise on the upside on news of a turnaround in the sector. Also Read: Nifty 50 advances for 5th straight session, crosses 22,000 mark for first time; Wipro, Infosys, TCS among major gainers Vijayakumar further added that the Nifty has broken out on the upside from the consolidation range and it shows signs of a further up move.

Yemen in response to the Iran-backed rebel group’s attacks on ships in the Red Sea may be limited, a former U.S. diplomat says.Frank Lowenstein, who served as the U.S.

a scrappy insurgency in desolate northern Yemen has managed to put itself in conflict with both the Middle East’s strongest power and the world’s superpower. Early on January 12th American and British warplanes bombed dozens of targets in Yemen. More allied strikes could take place.

Israel on Sunday, killing two civilians and renewing concerns about the risk of a second front erupting in the Israel-Hamas war. The deadly strike near the border came on the 100th day of the conflict between Israel and Hamas that has killed nearly 24,000 Palestinians, devastated vast swaths of Gaza, driven around 85% of the territory's 2.3 million residents from their homes and pushed a quarter of the population into starvation. The war was triggered by Hamas' Oct. 7 surprise attack into southern Israel in which militants killed some 1,200 people, mostly civilians, and took around 250 hostages, about half of whom are still in captivity. Since then, tensions have soared across the region, with Israel trading fire almost daily with Lebanon's Hezbollah militant group and Iranian-backed militias attacking U.S.

Angel One, Kesoram Industries, PCBL and several other companies will announce their third-quarter results today.The US dollar ebbed on Monday on renewed expectations of a rate cut by the Federal Reserve in March, while the yuan fell to a one-month low after China's central bank surprised markets by keeping its medium-term policy rate steady.The company clocked 13.5% sequential growth in profit at ₹4,350 crore in the December quarter, beating analysts' expectations. Revenue grew 6.7% sequentially to ₹28,446 crore (6% in constant-currency terms).The company reported revenue from IT services of ₹22,150.8 crore in the December quarter, down 1.09% from the previous quarter.

Buy or sell stocks for today: Despite weak global cues, the Indian stock market extended its winning streak for the fourth straight session on Friday. Nifty 50 index finished at the 21,894 level after climbing to a new peak of 21,928. BSE Sensex ended at the 72,568 mark after hitting a new peak of 72,568.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Kyndryl, Godaddy, Home Depot, and Ciena; downgrades for Yum! Brands.

By Nidal al-Mughrabi and Fadi Shana

Advertisement spending on connected TV (CTV) is projected to touch $500 million by 2027 as the consumption of streaming content increases due to the affordability of internet-enabled TV sets and wired broadband subscriptions, a senior industry executive has said. «Ad spend on CTV is likely to grow at a rapid pace to touch $500 million by 2027,» said Siddharth Dabhade, South Asia managing director of global marketing intelligence firm MiQ. Previously, GroupM had projected that the CTV ad spend would be $395 million by 2027.

₹20,000 crore as part of the borrowing programme for fiscal year 2025 (FY25), two people aware of the matter said. A large chunk of these bonds may be sold in the second half of the next fiscal year, one of the two people said. Green bonds address the funding requirements for projects in solar, wind and hydropower sectors.

Shivam Dube and Yashasvi Jaiswal smashed Afghanistan's bowlers to smithereens on way to swashbuckling half-centuries as India made short work of a 173-run target to win the second T20I by six wickets here on Sunday. While Yashasvi got out after hammering 68 off 34 balls, including six sixes, Dube ended unbeaten on a 32-ball 63, hitting four maximums in the process. India completed the chase with 26 balls to spare, taking an unassailable lead in the three-match series. Gulbadin Naib top-scored with a breezy 35-ball 57 before the lower-order batters Mujeeb Ur Rahman (21 off 9 balls) and Karim Janat (20 off 10) chipped in with useful contributions to lift Afghanistan to 172 all out. India's chase began on a eventful note that saw a first-ball boundary by Yashasvi Jaiswal, a loud shout for an lbw and an unsuccessful Afghanistan review, and a first-ball duck for Rohit Sharma. In his first T20I since November 2022, Virat Kohli began with a lovely boundary before Jaiswal smashed Fazalhaq Farooqi for two sixes. Recreating the famous shot he played against Haris Rauf in the last T20 World Cup at MCG, Kohli hit a short-of-a-length Naveen-ul-Haq delivery back over the bowler's head for a four.

2.L&T | Recommendation: Buy | CMP: ₹3,560-3,530 | Target: ₹3,800/4,000 | Stop Loss: ₹3,450 Larsen & Toubro (L&T) is poised for a breakout from an upward consolidation range, consistently finding support at its 20DMA. The momentum indicator RSI has recently turned positive with a crossover, confirming the bullish momentum.

Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

The good news is the probability of a recession is down sharply, according to The Wall Street Journal’s latest survey of economists. The bad news is that, for a lot of people, it is still going to feel like a recession. Business and academic economists surveyed by the Journal lowered the probability of a recession within the next year, to 39% from 48% in the October survey.

Milind Deora on Sunday targetted Congress leadership after joining Shiv Sena, saying his parent party is not the same as it used to be when Manmohan Singh had launched economic reforms but it is now abusing industrialists, businessmen and calling them anti-nationals. Addressing a gathering at Varsha, the official residence of Maharashtra Chief Minister Eknath Shinde, Deora said Prime Minister Narendra Modi and Union Home Minister Amit Shah have a vision for developing the country. He also hailed Shinde as the «most accessible» chief minister.

MCD schools were deprived of financial benefits under various schemes from 2016-17 to 2022-2023 session, an audit report of the municipal body's Department of Education, shows. According to the audit report dated November 11, 2023, the Municipal Corporation of Delhi's Education Department failed to provide the financial benefits under different schemes of the government of NCT Delhi to nearly 3,83,203 students due to non-opening of bank accounts required for the disbursement of funds.